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Angel L. Jan 11, 2023
Knowledge Share
Last active over 7 days
Last active over 7 days
I wrote an article that highlights the opportunities and challenges of digital transformation in banking and covers points on having a well-thought-out plan, organizational culture, and how to get started with partners that have done it already.

Click to read the article - https://www.fintechconnector.com/blog-actual/2023/1/9/innovating-banks-start-with-a-digital-transformation-plan

Sharing with our Financial Service Automators - Vikas Bansal Erik Gillet Darrell Wright Luisa Franco Batu Sat Simon Weifenbach Les Riedl Andy Lin Jenna Chamra Craig Schwartz Robert Lacoursière Michael Montecuollo Jonathan Blessing Christin Nagel Shweta Mahajan Michael Young Martina Rousseau Ridham Modi Trena Blair Jen Gonzalez Carlos M. Mendes

Innovating Banks: Start with a Digital Transformation Plan — FinTech Connector

Angel Lorente Founder & Master Connector

  3 comments
Angel L. Jan 11, 2023 - 9:05PM Sharing with my Community Partners Fabian P. Lehner Jaroslaw Sarwa Mario Cohen Varsenia Stoyanova Elena Kozhemyakina - let me know your thoughts.
Simon W. Jan 11, 2023 - 8:58PM There are three parts to transformation:
- Strategy (What problem are we trying to solve and why)
- Planning (How are we setting up the execution)
- Execution (How do we keep focus whilst responding to unexpected challenges)

It's the last point which makes or breaks a successful transformation. Expect the unexpected - you can't plan for everything 😊
Luisa F. Jan 11, 2023 - 8:45PM Great article, Angel Lorente. I can't stress enough how critical it is to perform a readiness assessment before embarking on the digital innovation front. Many institutions take the leap without doing this first to only realize the delays and regulator criticism they will face. A readiness assessment will help you in the long run.
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Spyros P. Jan 10, 2023
Community Announcement
Last active over 7 days
Last active over 7 days
Expanding outreach and services suite.
Enhanced startup fundraising or non dilutive financing services.
Since
early in this endeavor I have realized that in order to assist startup
founders in achieving their goals, I had to find ways to open
communication channels with investors.
At
first, I had decided to take the difficult route of developing a method
to approach "cold" contacts. It has been a tremendous learning
experience and the result has paid off when early stage founders had
secured their first ever investor interviews thanks to my efforts. On
top of that, those same investor industry players had provided more than
positive feedback on the quality of the work done on my behalf.
Well,
it was time to move on and initiate the next stage of development in
this front. Establishing and enhancing "warm" contacts. The assumption
is that a proven method that worked already, if coupled with "warm"
investor contacts would most probably multiply its impact.
In
that sense and at the time of writing this, I have already been
accepted as a startups scout from two relatively small funds, but also
have enhanced the available funding options to non dilutive financing.
This may not sound as much to begin with, but those early stage founders
who have been trying to get to an investor interview without any
success, know better.
It has
always been my goal to build this incubator to be inclusive and planned
to do so on a vertical production blueprint where counterparty risk is
reduced to a minimum. In addition, I would have the privilege to
implement my vision on a number of issues.
If
you are a startup founder and want to communicate with me directly so
as to explore options to promote your startup to a network of investors
for fundraising or financing, you may do so on Startup Founders Club
web portal with or without registration. You may use the "Chat" function or the "Contact" form in either case.
  2 comments
Spyros P. Jan 20, 2023 -11:56AM For a start you may just register @ https://www.startupfounders.club/. Then according to your circumstances, we can figure out what might be next.
Josephine C. Jan 20, 2023 -10:21AM Hey Spyros! I'd love to join. How can I get involved in the club?
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Meran S. Jan 9, 2023
Fintech News
Last active over 7 days
Last active over 7 days
FTX


The shockwaves of the FTX scandal are still felt through the Crypto world, the Crypto sceptics still believe that DeFi will fail and Sam Bankman-Fried still can't fill the $8bn hole he left behind. There are many lessons to be learned, custody in particular, with many people using the Japanese custody approach to be valid,

Personally, I believe that this was a human problem not a Crypto problem,

What are you thoughts?
  2 comments
Elena A. Jan 18, 2023 - 5:51PM Just a general mismanagement. Nothing to do with Crypto or god forbid DeFi.
Angel L. Jan 10, 2023 - 8:17AM It was a human problem driven by greed and excessive hubris on the part of SBF.
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